Internet Banking

At Cosmos Bank, we are committed to helping you meet all your banking needs to the best of our ability. You can access internet banking portal of our website at any hour of the day. There are no fixed timings to use the facilities. Moreover, enjoy the luxury of getting all the work accomplished at the comfort of your home or office, at any hour that is preferable for you

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Plot No-6, S.No-132/B, ICS Colony, Ganeshkhind Road, Pune
+91-20-67086708

Call Toll Free

1800 233 0234

customercare@cosmosbank.in

Weekdays 10 AM to 6 PM

Sunday : Closed

Attactive Features of Lease Rent Discounting Scheme
Loan Limit
No maximum cap on the scheme
Customizable loan amount
based on net lease rent receivable.
Long tenure
maximum to the extent of lease tenure whichever is lower than 15 years.

Lease Rent Discounting Scheme

Loan Highlights
  • Maximum amount of loan shall be calculated based on Net Lease Rent Receivable (=EMI)
  • Rate of Interest
    9.50%* onwards (*T&C apply)
  • Time of Disbursement
    15 Days
  • Repayment Period
    Maximum to the extent of lease tenure or 15 years; whichever is less
    Net lease rent will be considered for assessing the DSCR/repayment capacity
  • Prepayment Charges
    Nil
Loan Charges
  • For Service Charges, As per Bank's present Norms
Foreclosure Charges
  • upto 12 mths - 3%
    12 Mths Before 24 mths - 2%
    After 24 months - 1%
Eligibility
  • Please contact the branch for further details.
Facility
  • Limit will be sanctioned as Term Loan based on Repayment capacity of the applicant.
  • In case the premise to be leased is under construction, the loan will be in the form of Project Finance in the initial period till the premise is handed over to the lessee.
  • Once the Lease Rent is due, it will be converted into a Term Loan. Subject to submission of final lease agreement
Documents Required
  • KYC Documents
  • Financial papers of the borrower with IT Returns for 3 years of completed FYs.
  • Licenses/registrations of the business
  • Guarantors KYC & income papers
  • Papers about the security.
  • Last 6 -12 Months bank statement which reflect the Rental Credits in the Account.
  • Copy of Registered Lease Deed.
  • Photocopy of Title Documents of the Property, approved Plan

Get In Touch

Our Expert will call you back on the number provided by you within 24-48 hours to assist you further. Thank you for your interest in Cosmos Bank

Ideal for people
  • Higher Education
  • Repayment of unsecured loans
  • Foreign Business Visit expenses
  • Purchase of another business property
  • Construction on plot
  • construction on plot to be leased out
  • renovation of existing property which is to be leased out
  • Business promotion, etc
Good to Know
  • Loan Limit: No maximum cap on the scheme
  • Guarantors: Preferably 2 guarantors acceptable to the Bank
  • Repayment (Capacity): Net lease rent to be considered for repayment capacity
  • Security: Property should be in the form of constructed residential or commercial property with completion certificate from the competent authority.

    Property can be mortgaged by way of equitable mortgage if all original title deeds as per legal opinion are available. and registered equitable mortgage in Maharashtra state only
  • Documentation: A letter from leaser stating that the rent will be paid directly in favor of the Bank.
  • Form: Form Available on Online Form Centre